Market Scorecard As expected the Fed kept rates on hold last night. They indicated that they don't expect any changes in policy for the foreseeable future, which means low rates for a long period. The decision to keep rates unchanged was also unanimous, which is a change from previous meetings. All in all, the … Continue reading Inflation Station
Market Scorecard Wow, what a mess last night. Stage 5 through to stage 8 loadshedding was always a fat joke. If we reached stage 7, Eskom would come and blow out our candles. Much to the surprise of everyone, loadshedding can go past stage 4. When stage 6 was announced last night, none of … Continue reading GDP Shedding
Market Scorecard So as most readers will already know, the SARB left interest rates unchanged yesterday. It was a close call though, three members voted for unchanged while two voted for a 25 basis point cut. The reason behind the decision is because inflation is expected to increase to 5.3% next year and then … Continue reading Cybertruck WTF
Market Scorecard US markets surged, and the Dollar weakened when the Federal Reserve's Chairman, Jerome Powell announced that US interest rates are near neutral. What that means in plain language is interest rates won't rise as quickly as expected. Bringing back the unofficial slogan of central banks globally, lower for longer. Remember how our … Continue reading Designer Genes
Market Scorecard Stats South Africa released inflation data yesterday, which showed that prices in October 2018 were 5.1% higher than a year earlier. The main contributors were a fuel price increase of 22.8%, electricity hikes of 7.7% and water increasing by 11.1%. Wow! Some things did get cheaper, thankfully. According to the statisticians these … Continue reading Inflation Temptation?
To market to market to buy a fat pig. Imagine going to your bank to apply for a home loan and the bank tells you that they will pay you to take out the loan. Up until 2014, it was generally thought that interest rates had a floor at zero; in economics class, negative … Continue reading No Capital Needed
"Stocks are pointing lower at the get go. A short week here in Jozi, Thursday is interrupting the flow of things. And of course stocks in Shanghai are up for now. Ha-ha! Keep calm and carry on." To market to market to buy a fat pig. What a weekend to both forget and remember, depending … Continue reading The Nikkei and the JSE
"US futures are a little higher, European futures are mixed to lower. So I am guessing that ahead of the most incredibly important market news ever (since the last most important news ever) Thursday, we are likely to see Mr. Market in wait and see mode. Will you tune in around 8pm local time Thursday … Continue reading Interesting times Indeed
"Looking back there has not been hyper inflation, barely any inflation for that matter. When monetary policy is out of sink with the real economy, the normal effect is high inflation. The argument can be made that this lack of inflation points to the FED and interest rate being inline with the fundamental forces of … Continue reading Interested in Interest Rates?
"The company is slowly changing, and as they point out, in the coming months there will be more than just the car, the battery too. The so called Powerwall. The products are designed to be beautiful, not too dissimilar to another workaholic and neatness freak who pioneered amazing devices with his design team, one Steve … Continue reading Bezos, Jobs and Musk